TranSwitch sees loss in Q1

TranSwitch, which designs, develops and markets semiconductors that provide core functionality and complete solutions for voice, data and video communications network equipment, today said first quarter net revenues declined to $8.2 million from $10.1 million a year ago, leading to a net loss for the first quarter of $3.1 million, or 13 cents per basic share.

The company is in the process of attempting to "create a new growth engine in the consumer video interconnect market," with its HDplay products which came out in March. HDplay is designed to enable reception of high definition video from both HDMI as well as DisplayPort sources, and offer high 3D resolution, by incorporating Internet connectivity for smart TVs.

The company just recently started to demonstrate and sample the products to potential customers and reference design partners."

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